Answer- 16
explanation- that’s what it is
Assuming he had not dealt with the bank offering plan B before, he has nothing deposited two years back. Hence plan B only gives him only 0.2% annual interest for his deposit.
Plan A gives 0.25% for his deposit all the time.
So plan A is more advantageous.
For durations,
To reach $1,000,000 from $100,000, the money needs to grow 10 fold, or
(1+i)^n=10
n=log(10)/log(1+i).
So for plan A:
n=log(10)/log(1.0025)=922.18 years, while for
plan B
n=log(10)/log(1.0020)=1152.44 years.
Hope the bank(s) still exist at that time.
The answer is C (-1,-4)
I got the answer by graphing the equation and plotting each the points down to see which one lies on the graph
The slope is the constant rate of change. In this case, the number is being multiplied by 3 each time
The slope is 3
“x represents number of chocolate truffles sold each day”
Represents amount of chocolate truffles sold per day
